In a strategic move to bolster SpiceJet's financial position and spur growth, Mumbai-based businessman Harihara Mahapatra and his wife Preeti have announced a substantial investment of Rs 1,100 crore in the airline. The acquisition secures the .
Mumbai Biz Couple Invests Rs 1,100 Cr In Spicejet For 19% Stake menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
In an exchange filing on Tuesday, the airline said Harihara Mahapatra and Preeti Mahapatra, who are promoters of the Mumbai-based group Mahapatra Universal Limited, will hold more than 21 stake in the airline.
On December 12, the company approved raising fresh capital amounting to ₹2,241.5 crore, aimed at fortifying its financial standing and facilitating investments in growth initiatives.